June S&P 500 E-Mini futures (ESM26) are up +0.35%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.40% this morning on hopes for further U.S.-Iran talks that could advance a Middle East peace deal.
U.S. President Donald Trump said talks between the U.S. and Iran could start as soon as Tuesday. The Wall Street Journal reported that Iran informed regional mediators it would send a negotiating team to Islamabad on Tuesday. Separately, a Pakistani official involved in the negotiations told Reuters that momentum was building for talks to resume on Wednesday. Still, Tehran has not yet officially confirmed that it will participate in the Islamabad talks. President Trump warned that if Iran doesn’t make a deal, it will face strikes on its bridges and power plants, adding that it is “highly unlikely” he would extend the ceasefire, which expires Wednesday evening Washington time. The price of WTI crude edged lower on Tuesday.
